When you are looking at offers of financial products, you need to consider something called convertible financial products. If a financial product can be changed into another type of financial product, it is treated as an offer of both products. This means you are being offered the original product and the product it can be converted into, and this applies to the rules in this Part and in the Schedule 1 section.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4090976.
For the purposes of this Part and Schedule 1, an offer of a financial product that will be converted, or is or may become convertible, into another financial product is an offer both of the financial product that is issued and of the financial product into which it converts.
